I One Component of a Time Series Is the Secular

question 70

Multiple Choice

i. One component of a time series is the secular trend that is the smooth movement of a series over
A short period of time, such as a few months or quarters.
ii. Many business and economic time series have a recurring seasonal pattern.
iii. One component of a time series is cyclical variation. An example of cyclical variation is the
Business cycle that consists of periods of prosperity followed by periods of recession, depression,
And recovery.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Bottom

The lowest part, point, or level of something, often used figuratively to denote the fundamental or core aspect of an issue or subject.

Functional Layout

A functional layout is an arrangement of equipment, workspaces, or facilities in such a way that activities or functions are grouped together, based on their purpose or operation.

Skills Layout

The arrangement of skills on a resume or in a document, highlighting an individual’s abilities.

Organizing

Organizing involves arranging or structuring people, materials, and activities in a systematic way to achieve goals and objectives efficiently.